Crude Oil WTI

Crude oil prices are posting a modest rebound after slipping into a range. Price action is now trading within the 18.95 and 11.85 levels. However, further gains will come only on a breakout from this range. A strong close above the…
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For traders in stocks and currencies, the worst that can happen to their asset is that it can go to zero. That would lead to a significant loss. And it is definitely something to be worried about. But, no one's really thought of the…
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Crude oil prices are down over 42% intraday basis. The declines come amid a sell-off that started in the Asian trading session. Price action is now trading below the lower support area of 11.86. The current momentum will likely see…
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WTI crude oil prices fell to an 18-year low on Friday. Price action settled near 18.44, after briefly slipping to 17.41 on an intraday basis. The current price level marks a retest of a multi-year support level. Crude oil posted a low…
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A day after WTI crude oil prices fell to lows near 19.25, price action is posting a rebound. But the overall gains remain limited as oil prices consolidate between the 22.00 and 19.25 levels. Unless there is a breakout from one of…
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Oil prices were pushing lower into Thursday’s close, but overall, price action was down just 0.02% on the day. Another attempt to breakout above 28.00 was met with strong selling pressure. This put oil prices to retreat lower. Further…
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WTI Crude oil prices are trading volatile on Thursday. Price action rose to intraday highs of 28.32 while setting a low of 25.10. The volatility comes amid speculation that Saudi Arabia and Russia are agreeing on cutting oil output by 20…
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WTI Crude oil prices are inching lower after the previous session’s gains to the resistance area of 28.00. Price action is showing some weakness after failing to breakout higher. This comes as the proposed OPEC+ meeting is pushed further…
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Oil prices continue to maintain a strong gain, building upon the momentum over the past few sessions. Price action is back to the resistance level of 28.00. Following this, oil prices are slipping back off this level. In the near…
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